BluMetric Announces $7.5 Million Mission Ready Water Contract for Shipboard Military Application
BluMetric (OTCQX: BLMWF) secured a $7.5 million contract to supply multiple Shipboard Reverse Osmosis Desalination (SROD) plants to a leading Canadian shipbuilder.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
BluMetric (OTCQX: BLMWF) secured a $7.5 million contract to supply multiple Shipboard Reverse Osmosis Desalination (SROD) plants to a leading Canadian shipbuilder. The systems will be built by WaterTech Canada in Carp, Ontario, with production expected to begin in late 2026.
The company cited over 20 years of experience delivering Canadian-made shipboard water solutions designed for reliability, low operator workload and reduced energy use.
Positive
- $7.5M contract awarded to supply multiple shipboard desalination plants
- Manufacturing located in Carp, Ontario via WaterTech Canada division
- Production expected to commence in late 2026
- 20+ years of experience delivering Canadian-made shipboard water solutions
Negative
- None.
Details
News Market Reaction – BLMWF
On Mar 24, the day this news came out, BLMWF closed 4.69% above the previous close.
Data tracked by StockTitan Argus for the Mar 24 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Ottawa, Ontario--(Newsfile Corp. - March 24, 2026) - BluMetric Environmental Inc. (TSXV: BLM) (OTCQX: BLMWF) ("BluMetric" or "the Company"), an engineering WaterTech and full-service environmental consulting firm, is pleased to announce a
"This award reaffirms BluMetric's trusted role as Canada's premier supplier of Mission Ready Water solutions for military applications," stated Scott MacFabe, Chair and CEO. "Our technology and capabilities continue to be validated having successfully delivered water solutions under various programs. In a time when sovereignty is becoming top of mind, we are well positioned to support the Canadian shipbuilding industry."
BluMetric has more than 20 years of experience delivering Canadian-made shipboard water solutions. The Company's systems have been tested and proven for reliability and operational simplicity and provide benefits by minimizing operator workload and energy use.
The systems will be manufactured by the Company's WaterTech Canada division in Carp, Ontario, and is expected to start production in late 2026.
About BluMetric Environmental Inc.
BluMetric Environmental Inc. is a publicly traded water technology and environmental engineering firm. BluMetric designs, fabricates, and delivers sustainable solutions to complex water and environmental challenges. The Company is supported by more than 335 employees across 16 offices and 3 manufacturing facilities, with over 50 years of history. Headquartered in Ottawa, Ontario, BluMetric's team of industry experts serves Commercial and Industrial, Government, Military, and Mining clients in North America and the Caribbean.
For more information, visit www.blumetric.ca or please contact:
| Scott MacFabe, Chair and CEO BluMetric Environmental Inc. Tel: 1-877-487-8436 x242 Email: smacfabe@blumetric.ca | Dan Hilton, CFO BluMetric Environmental Inc. Tel: 1-877-487-8436 x550 Email: dhilton@blumetric.ca |
| Brandon Chow, Principal & Founder Panolia Investor Relations Inc. Tel: 1-647-598-8815 Email: brandon@panoliair.com |
Forward-Looking Statements
Some of the statements in this press release, including those relating to the Company's quarterly and annual results, future products, opportunities and cost initiatives, strategies, and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, are forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates, and projections regarding future events. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR+ at www.sedarplus.ca. The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289618
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.